Police officer, brother booked for abetting suicide of bitcoin trader

In her complaint, the victim's wife Usha Patel stated that Chirag and Savani used to pressurise and threaten her husband to compensate for the losses

Police officer, brother booked for abetting suicide of bitcoin trader

Representational Picture

On May 22, 2019, a Gujarat police officer and his brother were booked for allegedly abetting the suicide of a bitcoin trader here last week, the police said. Narmada district deputy superintendent Chirag Patel and his brother Haresh Savani were booked under sections 306 (Abetment of suicide), 506 (criminal intimidation), and 114 (abettor present when crime committed) of the Indian Penal Code (IPC), a Ranip police station official said.

The trader, who was identified as Bharat Patel, had hanged himself from the ceiling at his residence in Ranip on May 18. The trader had left behind a suicide note blaming the police officer and his brother for "threatening" him for the losses
incurred by them in the cryptocurrency investment, the police said.

In her complaint, the victim's wife Usha Patel stated that Chirag and Savani used to pressurise and threaten her husband to compensate for the losses, the official said, adding that the duo are not yet arrested. In the suicide note, Patel said that after incurring losses, the police officer and his brother started putting pressure on him to return "11,575 bitcoins against the loss of five bitcoins".

"There is huge pressure on me and my brother. I am very disturbed due to bitcoin recovery. (Dy SP) Chirag Patel
visited my house and threatened me to pay him back the entire bitcoin. I am compelled to commit suicide. And the pressure of the two brothers is responsible for my suicide. My family members have nothing to do with this and they are innocent," it stated.

Bitcoin is an unregulated digital currency that allows people to buy goods and services and exchange money without involving banks, credit card issuers or other third parties. It was introduced in 2008 by an unidentified group of programmers as a cryptocurrency as well as an electronic payment system. It is reportedly the first decentralised a digital currency where peer-to-peer transactions take place without any intermediary.

Category	Quantity	Cost
For Book Publishers	Single	6,500
	Pack of 5	22,000
	Pack of 10	35,000
	Pack of 20	55,000

Category	Quantity	Cost
For Documentary / Filmmaker	Single	20,000
	Pack of 5	50,000
	Pack of 10	80,000
	Pack of 20	1,20,000

Video Clip - For Television Show Makers/Production Houses
Quality	SD		HD		4K
Duration	30s	30-90s	30s	30-90s	30s	30-90s
Cost	20,000	30,000	40,000	60,000	80,000	1,20,000

Video Clip - For Television Show Makers/Production Houses
Quality	Cost	Duration
SD	30s	20,000
SD	30-90s	30,000
HD	30s	40,000
HD	30-90s	60,000
4K	30s	80,000
4K	30-90s	1,20,000

Police officer, brother booked for abetting suicide of bitcoin trader

Top News Stories Of The Day

Next Story : Employee of shooting academy arrested for molesting 12-year-old girl

Mid-Day Web Stories

Mid-Day Web Stories

Salman Khan comments on Mahesh Babu on Bigg Boss 18

Eknath Shinde resigns as Maharashtra CM - Watch video

IN PHOTOS | Mumbai remembers 26/11: A tribute to heroes and victims

Nimrat Kaur calls Diljit Dosanjh's Pune concert "BESTESSSSSTTTTT"

AR Rahman-Saira Banu separated not divorced, here's the difference